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department says sandy had only a minimal effect. is it true a clean number and what are conspiracy theorists saying. >>> a comment hastings made last july. what does it say about s.e.c. rules and whether they are out of date. >> mcdonald's will post same store sales on monday gets an upgrade to buy taking the forecast to a street high after surveying franchisees. we begin with november jobs number. 146,000 nonfarm jobs added last month above forecast of 80,000. october and september payrolls were revised lower. unemployment rate fell by 0.2 to 7.7. that's the lowest in four years. the dip occurring mostly because more people stopped looking for work and were not counted as unemployed. as for hurricane sandy, the labor department says the storm did not substantively impact the november results and that probably was the biggest surprise to everybody. >> this is a very strong number. i think only u.s. government now can stop this kind of job growth. a fiscal cliff go over -- >> snatching victory from the jaws. >> a superstorm. nothing can stop the generation of jobs in this economy. >> there's
say the slow down in nonfarm payrolls will reflect the effect of sandy. joining us this hour is bank of america merrill lynch global research senior research economist michelle mire and we'll talk through everything that's been happening through jobs and what to expect. but first, there is a developing story. an earthquake off the northeast coast of japan triggered a tsunami warning. the warning has been lifted, but it was a 7.3 quake. so far no reports of any injuries or damage. it was for the same area devastated by an earthquake and tsunami back in march of last year. we will continue to bring you any developments. in the meantime, steve has some of the morning's top other stories. >> let's start with the markets. asian stocks rallying to 2012 highs overnight. the nikkei edging lower after hitting a se hitting hitting a seven month closing high yesterday. european trading, shares seem to be fwllat. bundesbank announced it had cut its growth outlook for the country. in the u.s., the nasdaq snapped its losing streak yesterday with its first gain in five days. the dow was on pace for
superstorm sandy. gore calling on the president and congress to act and act now. that may mean a carbon tax? however, listen to this, a study from colorado state university says the exact opposite. that sandy was not caused by climate change. we will talk about all that in a moment. plus, you want proof that raising taxes does not work, that it doesn't bring in more money? well, in california, where they just voted to raise taxes big-time, the state is more than 800 million dollars short of the revenue it expected to bring in, because when you raise taxes, some people leave. check the big board. same old same old same old. the dow is flat, up just 23 points in the early going this monday morning. here is our company: sandra smith is with us. the conservative commentator is with us. and nicole petallides is there on the floor of the new york stock exchange. here we go, new at 10:00, the latest climate change rant from former vice president al gore. he blames pollution for causing climate change, which he says leads to huge storms like hurricane sandy. >> it is causing these extreme weather e
garden, as the 12-12-12 concert for sandy relief got under way. ♪ it's now or never >> reporter: it is a star-studded show. raising money for residents of the tristate area, still suffering after the storm. >> the damage from sandy was as much as $70 billion. our national and local governments are responding but it's just not enough, which is why we're here tonight. >> reporter: the money raised here will go to an organization called the robin hood relief fund, and then it will be distributed to sandy's hardest hit areas. ♪ get you on your feet again >> reporter: the stars helping out have strong personal connections to the region. many are either current residents of the tristate area or many grew up here. ♪ but tomorrow there will be sunshine ♪ >> reporter: no one is more associated with new jersey than the boss and the members of his band. >> yes, it's a little bit more personal because literally the jersey shore where we grew up. >> reporter: the jersey shore hit hard by the storms. residents there and people here acknowledge it will take years to rebuild and billions
do have a big disaster like sandy, we've almost always spent all the money because it was pretty easy to have a governor ask for a disaster and the president to declare it, and then the money is gone. fema primarily relied on the per capita damage indicator as the criteria rather than whether or not the local community really had the resources to deal with this on its own. there was no specific criteria in fema to decide at what point we paid various percentages up to 100% coming from the federal government, and the fema administrative costs from 1989 to 2011 had doubled. it had increased from 9% of every disaster to an average of 18% of every disaster. so g.a.o. recommended that we look -- do several things. that fema develop a methodology to more accurately assess what a jurisdiction was able to do, that we develop criteria to know when the federal government should accept all of the obligation, 100% of the adjusted cost, and that we implement new goals to track why these costs of administering disasters were going up so dramatically. so hopefully we can do that, we can look at the
't addressed the aid for sandy. it's now been six weeks after sandy and nothing has been done on that front. >> the gears move slowly, but the aide for andy will pass. it's just a question of when they get it done. and, of course, because that involves additional spending, that factors into the debt limit in the fiscal cliff negotiations, as well. >> john, do you know what is available to the president administratively, not legislatively in terms of gun regulation? >> first of all, all the issues related to enforcement of existing laws. >> what mayor bloomberg said is it was illegal weapons at that point that he was talking about. >> 77,000 for seven lives of something. would the gun lobby argue for astringent background checks for mental illness? >> probably. it depends on how it's framed and how it's enforced. but, you know, they've taken a pretty doctrine-aire view towards opposing anything under the nose under the camel's tent. feinstein is now going to reintroduce that bill. she passed it in the clinton administration. when it expired in 2004, george w. bush was president. he was nomin
survivors of hurricane sandy. >> cool day, great cause. nicely done. as with all magic numbers, brides and grooms like to get hitched. >> this is an easy way for the husband to remember the anniversary. an arizona couple is giving their whole wedding the theme of 12, inviting 12 guests to be there, tying the knot at 4:12. one of at least five couples getting married at the same place today. david's bridal estimates there are about 7,500 nuptials across the country today. >> seems like the end of something and the start of something new for us in our new life. >> it sounds good. it just sounds good. it's something that i think will give us luck in our life. >> the biggest wedding plans in florida where couples can get married at 12:12 p.m. for $500. it's expected to break the record for most marriages in a single day. >> and there are thousands of kids who have a special day today when they turn 12. >> i didn't know you were going there. one of those is this boy. he lives in alabama, born on december 12 at 12:12 p.m. he turned 12 today. in lieu of a cake, he's asked for krispy kreme don
fellow citizens battered by sandy, one of the largest storms to hit the northeast ever. the senate is now considering a foreign intelligence surveillance act piece of legislation to keep our country safe and secure. we have doctors who are worrying about whether they will be reimbursed for their medical expenses that they deliver to senior citizens. we have an alternative minimum tax that will expire on december 31, resulting in a tax increase to many of our citizens, tax extenders that have not been extended. a jobs bill that the president has asked for has not been considered much less passed. mr. speaker, we ought to be here, working. addressing these challenges. everywhere, mr. speaker, that you and i go, i know, we hear, what are you doing on the fiscal cliff, or i hope you're working hard on the fiscal cliff. i must tell them we're not working. we're not here. we're not addressing the challenges that i have just mentioned. mr. speaker, i would hope that the speaker of the house will call us back immediately to address these challenges. we have four days left to go. before the end of
the economic impact of hurricane sandy at $40 billion. >> can you believe that? $40 billion. it's astounding, every day the suffering continues. >> governor chris christie is expected to come to washington to press his case. both christie and andrew cuomo are asking for full compensation. the white house is expected to ask congress for more money to cover the cost of disaster response and recovery from the storm. and helping to boost auto sales, giving the industry its best numbers in four years. analysts are optimistic the trend will continue as cars on the road, age and need replacing. ford plans to up its production by 11%, convinced that consumers will continue to buy and as we know have been on the cutting edge of growth. they really have. >> we have senator coburn, form er national security adviser dr. brzezinski and senator claire mccaskill. >> that's a great show. ♪ you are my sunshine, my only sunshine ♪ ♪ you make me happy [ female announcer ] choose the same brand your mom trusted for you. children's tylenol, the #1 brand of pain and fever relief recommended by pediatricians
, the hurricane sandy, the track dpi in connecticut, people had a lot on their minds this season. this weekend was a key weekend. i think it helped. i didn't see promotions being extra promotional. but it's a push till the end. >> okay, so winners and losers? >> i think some of the winners, i think you're going to see companies like tjx, macy's. i think american eagle outfitters, even gap had a very good season, along with michael kors. >> losers? >> i think you had a tough time at jcpenney. i think the traffic was tough there all the time. i think kohl's had to be extra promotional in order to be able to drive the sales. and the whole children's sector was very promotional. from gymboree to children's place. >> so, dana, jason trennert from strat eegous. how are you doing? >> good, how are you, jason? >> good. normally retail stocks outperform in january, because i think that phenomenon that andrew was talking about is that there's a general sense that christmas gifts canceled at a certain point and then it comes back at the end and then you wind up having a big january and the stocks tend to
being up. all of a sudden then, we had the impacts of sandy, a tragedy up in newtown, connecticut, and just a lot of other factors that just put a damper on the season. >> so, it is fair to say that it started better than it ended now. >> it started better than it ended. there was a lot of excitement around black friday. i mean it was almost like the super bowl. they have all this advertising, drag people out, it's the biggest event of the year come shopping, and then week after that we had the pro bowl. there was no excitement. there was no reason to come out shopping. so big bang, but it kind of waned as we went into the season. >> how much of the season is in the books now? i mean, what's still left to happen? >> there's a couple of big days still coming. i think this weekend is a big weekend as people redeem gift cards, go into the stores, exchange items for what they're looking for. hopefully get that add-on sale and people start to take advantage of the clearance sale, i would say, though, 95% of it is in the books. we've probably got some strong days ahead of us, though, th
Search Results 0 to 10 of about 11

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